Search results for Yonhap Infomax
Finance
Won nears 1,490 per dollar this month, fourth-highest on record; biggest drop among major currencies
South Korea’s average won-dollar exchange rate rose to near 1,490 this month, the fourth-highest on a monthly basis, as foreigners sold a record amount of KOSPI shares. The won has posted the biggest decline against the dollar among major currencies this month. Analysts cited risk aversion linked to the Middle East war, valuation concerns in AI and semiconductors, and worries over Korea’s energy import dependence and export mix.
Industry
Samsung Electronics market cap tops 1 quadrillion won intra-day, first for South Korean company
Samsung Electronics tops 1 quadrillion won in market capitalisation during trading on Feb. 4, the first South Korean company to do so. Its shares hit a record 169,400 won, up 1.13 percent from the previous session, pushing its market value above 1.002 quadrillion won. The stock has been setting fresh highs since closing above 100,000 won on Oct. 27 last year and rising past 160,000 won the previous day.
Finance
KOSPI breaks 5,000; what is President Lee Jae-myung\'s ETF return?
South Korea\'s KOSPI broke above 5,000 in intraday trade on Jan. 22, lifting returns on exchange-traded funds bought by President Lee Jae-myung. He bought 40 million won of domestic index-tracking ETFs last May and pledged further monthly purchases. Data showed KODEX 200 had returned 103.27 percent and KODEX Kosdaq150 was up 31.40 percent through Jan. 21. ETF net assets have also climbed above 300 trillion won.